Credit card companies now charging extra fees for paper statements [FOX Business Network]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: FOX Business Network
A new push to move credit card users to a digital statement will now come with a penalty for those who don't want to comply. Credit card companies from big name retailers have been silently rolling out a fee of $1.99 if you wish to keep receiving paper statements. One of the biggest offenders is Synchrony Bank, and they have co-branded and store-affiliated credit cards with over 100 cards in their lineup, which include Sam's Club® Credit Card, the Lowe's Store Card, and the Amazon Store Card. In November of last year, Citibank released new guidance to its customers saying that going paperless was "now required to access your account on Citi.com and the Citi Mobile App," There isn't a law banning paper statements, however, but permission is required in order to start paperless billing. In a report to NBC Los Angeles Alicia Galowitsch said that the change started to add up for them. They account for every penny. "It's very tight. It's very tight to where we had to start goi
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SYF
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- 10/16/24 - Beat
SYF
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- SYF's page on the SEC website